Legal Structures
This item is included in the following series/curriculum: Understanding Business Studies
- Grade Level: Junior High (7-9)-Adult
- Subjects: General Business
- Produced By: VEA Group Pty Ltd
- Year: 2010
- Country: Australia
- Language: English
- Running Time: 26m
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Businesses are not just different in what they do; they also have different legal structures. But what are legal structures? Why are they important? And how do you choose the right legal structure for a new business? This program brings the answers to these questions to life with real world case studies, expert interviews and clear explanations of key terms, including the differences between, and advantages and disadvantages of limited and unlimited liability organizations. We also examine the role of legal structures in sole traders, partnerships, private companies, PLCs and not-for-profit organizations. This program is a fantastic introduction into the world of legal structures.